Industrial and Commercial Bank (01398) released its report for the first quarter of 2024, with revenue of 21.165 billion yuan, compared with...
According to the Zhitong Finance App, ICBC (01398) released its report for the first quarter of 2024, with revenue of 21.165 billion yuan, a year-on-year decrease of 3.80%. Net interest income was $161.401 billion, a decrease of 4.16%. Annualized net interest return (NIM) 1.48%. Non-interest income was $48.764 billion, a decrease of 2.57%. Net profit attributable to shareholders of the parent company was 87.653 billion yuan, a year-on-year decrease of 2.78%. Basic earnings per share were $0.24.
At the end of the reporting period, total assets were 4760,027 billion yuan, an increase of 290.2948 billion yuan over the end of the previous year, an increase of 6.49%. The total debt was 43723.412 billion yuan, an increase of 2802,921 billion yuan over the end of the previous year, an increase of 6.85%. The core Tier 1 capital adequacy ratio is 13.78%, the Tier 1 capital adequacy ratio is 15.18%, and the capital adequacy ratio is 19.21%, all of which meet regulatory requirements.